Insider Selling: Mister Car Wash, Inc. (NYSE:MCW) CFO Sells 2,500 Shares of Stock

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 2,500 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $8.00, for a total value of $20,000.00. Following the transaction, the chief financial officer now owns 44,854 shares of the company’s stock, valued at $358,832. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Jedidiah Marc Gold also recently made the following trade(s):

• On Thursday, October 31st, Jedidiah Marc Gold sold 144,319 shares of Mister Car Wash stock. The shares were sold at an average price of $7.54, for a total transaction of $1,088,165.26.

Mister Car Wash Stock Performance

Mister Car Wash stock opened at $7.97 on Wednesday. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $9.45. The company’s 50-day moving average is $6.52 and its 200 day moving average is $6.86. The firm has a market capitalization of $2.57 billion, a P/E ratio of 34.63, a price-to-earnings-growth ratio of 2.14 and a beta of 1.60. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.27 and a quick ratio of 0.24.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. Mister Car Wash had a return on equity of 9.92% and a net margin of 7.54%. The firm had revenue of $249.33 million for the quarter, compared to the consensus estimate of $249.15 million. During the same period in the prior year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Research analysts forecast that Mister Car Wash, Inc. will post 0.27 EPS for the current year.

Institutional Trading of Mister Car Wash

Several institutional investors and hedge funds have recently made changes to their positions in MCW. Louisiana State Employees Retirement System grew its holdings in shares of Mister Car Wash by 3.3% in the second quarter. Louisiana State Employees Retirement System now owns 46,600 shares of the company’s stock worth $332,000 after purchasing an additional 1,500 shares during the last quarter. Texas Permanent School Fund Corp grew its stake in Mister Car Wash by 2.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 79,712 shares of the company’s stock worth $618,000 after acquiring an additional 1,581 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Mister Car Wash by 9.9% during the first quarter. Bessemer Group Inc. now owns 20,179 shares of the company’s stock worth $156,000 after acquiring an additional 1,824 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Mister Car Wash by 16.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company’s stock valued at $135,000 after acquiring an additional 2,479 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Mister Car Wash by 19.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,673 shares of the company’s stock valued at $190,000 after purchasing an additional 4,268 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MCW. The Goldman Sachs Group lifted their price target on Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a research report on Thursday, August 1st. UBS Group lifted their target price on Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.25.

About Mister Car Wash

Mister Car Wash, Inc, together with its subsidiaries, provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. The company serves individual retail and corporate customers. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.